Rashtriya Raksha University (RRU), an Institution of National Importance under the Ministry of Home Affairs, Government of India, engaged with the media in Bengaluru on 24 March 2025 to introduce its first-of-its-kind hybrid program for working professionals – the Master’s in Financial and Economic Crimes (MFEC). This pioneering program was being launched in collaboration with the Indian Institute of Corporate Affairs (IICA), Ministry of Corporate Affairs.

The event began with the felicitation of Mr. George Mathew, Deputy Director at PIB. Following this, Professor (Dr.) Bimal N. Patel, Vice-Chancellor of RRU, addressed the media, providing detailed insights into the MFEC program and its significance.

He emphasized that the true beneficiaries of this program are every citizen striving for financial and economic growth, as economic stability is fundamental to individual and national progress. Highlighting the relevance of this initiative, he stated that as India's states continue to achieve substantial economic and financial growth, it is imperative for the country and its academic institutions to introduce specialized programs that equip professionals to combat financial crimes effectively.

"RRU considers the Financial and Economic Crimes program a foundational strategy to help prevent, reduce, and control financial and economic offenses," he remarked. He elaborated on the program's structure, benefits, syllabus, and modules, emphasizing how top-tier faculty members, industry experts, and advanced investigative tools would provide participants with practical and hands-on learning experiences.

Dr. Patel further stated that cutting-edge technologies would be made available to all participants, making the MFEC program a unique and distinguished offering. He stressed that the country needs a dedicated cadre of financial crime practitioners who will actively prevent, reduce, and control financial offenses, ensuring a robust financial ecosystem.

He also spoke about the emerging global economic order, asserting that in the near future, there would be no place for individuals or entities that undermine financial and economic stability, particularly in the Global South. He reiterated that educational ecosystems like RRU, which bring together industry leaders and government organizations, are best suited to offer such programs, contributing meaningfully to the vision and mission of the nation.

In addition to discussing the MFEC program, Dr. Patel also provided a detailed overview of RRU’s various academic programs and campuses. He expressed gratitude to the Hon’ble Home Minister, Mr. Rajesh Goyal (Former Home Secretary, Government of Karnataka), and the Government of Karnataka for their support in making this initiative a reality.

Following Dr. Patel’s address, Dr. Neeraj Gupta, Head of the School of Finance & Management at IICA, discussed emerging challenges in the financial and economic domain and elaborated on how the MFEC program will play a crucial role in addressing and resolving these complex issues.

The session concluded with Dr. Kaveri Tandon, Director (I/C) of RRU Shivamogga Campus, elaborating on the course offerings and facilities at the Shivamogga campus. The event ended with an engaging question-and-answer session, allowing media representatives to gain further clarity on the objectives and impact of the MFEC program.

With this landmark initiative, Rashtriya Raksha University continues to set new benchmarks in financial crime education and economic security, furthering India’s commitment to safeguarding its financial ecosystem.

 

AP/IJ/GP/JT

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